Saturday, October 24, 2009

GLG Partners Launches new fund from its Distressed Strategy

Thanks to an impressive 84% return this year in its distressed strategy, GLG Partners has decided to dedicate an entire fund to the strategy. According to the Financial Times, GLG Partners has launched a new fund which will invest in distressed European debt. Formerly a part of GLG's credit and market-neutral fund, the new fund launches with $300 million in assets under management.

To read the complete article, please click here.

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